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IS BITCOIN MIMICKING RISE OF AMAZON?! MOST BULLISH MACRO BACKDROP IN 75 YEARS!!

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Right now, with the Bitcoin market cap sitting just under $1 trillion, BTC is only a very tiny fraction of the world’s assets combined. So in the grand scheme of crypto, this is why many analyst believe we’re still so early.

“If Bitcoin captures just 5% of the market cap of other assets on this chart, it’ll be worth over $2M/coin.”

In other trending Bitcoin News today: Bitcoin bears lack ‘balls’ to continue selling into 2022!

BTC bears will probably be too “stoneless” to keep prices down much longer, fresh Bitcoin price analysis argues.

In a Twitter series published Dec. 18, popular account Light summarized the events which led to Bitcoin’s recent 39% correction.

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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

Show Notes & Resources:

https://cointelegraph.com/news/binance-ceo-cz-richest-crypto-billionaire-at-96b-bloomberg

https://cointelegraph.com/news/disney-patents-technology-for-a-theme-park-metaverse

https://cointelegraph.com/news/most-bullish-macro-backdrop-in-75-years-5-things-to-watch-in-bitcoin-this-week

CRYPTO TRADER PREDICTS $150K BITCOIN TOP THIS BULL CYCLE, FOLLOWED BY A CORRECTION TO $32K!!!!!

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Bitcoin Long-Term Cycles Offer Hopium…

When near-term BTC confusion prevails, sometimes it’s best to take a step back to see the bigger picture of where the market is and what possibilities the future holds.

According to Inmortal, a pseudonymous Twitter user, Bitcoin’s four-year cycle is currently about 65% through its bull-market phase and the trader predicts a top at $150,000, which will be followed by a correction to $32,000.

In other trending Crypto News today: Ethereum price can hit $14,000 if the March 2020 chart fractal holds.

Ethereum’s native asset Ether (ETH) faces prospects of closing above $14,000 sometime in 2021 based on its current trend’s striking similarity with the one from last year.

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Ledger: ► http://ledger.cryptonewsalerts.net

DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

Show Notes / Resources:

https://cointelegraph.com/news/bitcoin-traders-express-mixed-emotions-about-what-s-next-for-btc-price

https://cointelegraph.com/news/ethereum-price-can-hit-14k-if-the-march-2020-chart-fractal-holds

https://cointelegraph.com/news/paypal-set-to-launch-crypto-trading-in-the-uk-and-may-embrace-defi

https://cointelegraph.com/news/microstrategy-pledges-to-buy-more-btc-despite-paper-loss-on-its-holdings-of-424-8m-in-q2

BITCOIN WILL HIT $160K THIS YEAR ON THIS ONE CONDITION, SAYS CELSIUS NETWORK CEO!!!!

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The co-founder and CEO of blockchain platform Celsius Network says that Bitcoin could hit a new record high this year if one condition is fulfilled.

Alex Mashinsky says that he still believes Bitcoin could hit a price of at least $140,000 over the coming months despite the flagship cryptocurrency momentarily crashing from nearly $53,000 to below $43,000 earlier this week.

“I am still holding my projections that we will be hitting the $140,000 to $160,000 levels. It might take us into Q1 [first quarter] of next year because of this kind of flash crash and clean-up we have seen with the Chinese miners. But it’s definitely going higher.”

In other trending Bitcoin News today: EL Salvador’s Historical Adoption Could Send Bitcoin Past $100,000!

One of the most important events in the history of bitcoin has taken place, with a nation making bitcoin legal tender.

Head of Standard Chartered’s new bitcoin and crypto research unit, Geoffrey Kendrick, told clients in a note on Tuesday: 

“As a medium of exchange, bitcoin may become the dominant peer-to-peer payment method for the global unbanked in a future cashless world” and “cyclically, we expect a peak around $100,000 in late 2021 or early 2022.” 

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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

Show Notes / Resources:

$60K BITCOIN IS NOW MORE LIKELY THAN $20K – HERE’S WHY!!!!!

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Bitcoin has a better probability of recovering back to $60,000 than breaking below its current support level of $30,000 to target $20,000, believes Mike McGlone, senior commodity strategist at Bloomberg Intelligence.

McGlone, who’s known for his previous bullish calls on Bitcoin, noted that BTC, which has been consolidating near $30,000 since May, could post a similarly surprising rally while aiming to hit a refreshed resistance target near $60,000.

“The more tactical-trading-oriented bears seem to proliferate when Bitcoin sustains at about 30% threshold below its 20-week moving average, allowing the buy-and-hold types time to accumulate,” the strategist wrote.

In other trending Crypto News today: 

Macro analyst and Real Vision CEO Raoul Pal says the clearest bet in the crypto space right now is on Ethereum.

The former Goldman Sachs fund manager tells Camila Russo in a new interview on The Defiant that ETH currently offers the best risk-to-reward ratio.

“If you can only own one asset over the next 12 months, what would it be? It would be Ethereum. Because it’s the least risky with the highest rewards.”

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🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

Trezor: ► http://trezor.cryptonewsalerts.net

Ledger: ► http://ledger.cryptonewsalerts.net

DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

Show Notes / Resources:

https://cointelegraph.com/news/60k-is-now-more-likely-for-bitcoin-than-20k-bloomberg-s-senior-strategist-asserts

https://cointelegraph.com/news/nigeria-to-pilot-central-bank-digital-currency-in-october

https://cointelegraph.com/news/just-hodl-bitcoin-and-ethereum-outperform-lower-risk-crypto-index-funds

WHY A #post_titleM BITCOIN IS NEARLY INEVITABLE AND BANNING BTC IS ‘NOT’ POSSIBLE OR EVEN REASONABLE!!

➡️ REPLAY: “The Crypto Catch-Up” – http://teeka.cryptonewsalerts.net

Crypto analyst and Bitcoin bull Moon Capital recently went on an epic tweet storm sharing his bullish case on why a $1,000,000+ BTC price is nearly inevitable.

“1/ “BUT THEY WILL BAN BITCOIN.” Let me quickly explain why this threat is HIGHLY overestimated and why it is NOT possible or even reasonable. $1,000,000+ Bitcoin is nearly inevitable.”

In other breaking Bitcoin News today:

“3 Reasons Bitcoin Price Just Hit $16,000 For The First Time Since 2017”

The price of Bitcoin (BTC) surged past $16,000 today, Nov. 12, for the first time in nearly three years.

The momentum of the dominant cryptocurrency is strengthening due to three key major factors.

The main catalysts behind BTC’s rally are the non-overheated derivatives market, repeated retest of $16,000, and the $14,900 whale supply zone.

On Nov. 10, the price of Bitcoin abruptly declined to as low as $15,072.

The market drop occurred merely 24 hours after it saw another major dip to $14,805, which turned traders cautious.

But the drop benefited Bitcoin for two key reasons. First, it allowed whales to take profit on their positions at around the $15,000 support level.

Second, it neutralized the futures market by flushing out late buyers or long contract holders.

Resetting the futures market and the funding rate for Bitcoin futures contracts was critical for sustaining the ongoing BTC rally.

Futures exchanges in the cryptocurrency market use a mechanism called “funding” to achieve balance in the market.

When the majority of the market is buying Bitcoin, buyers need to incentivize short-sellers.

The vice versa is also true: When shorts make up most of the market, sellers need to pay buyers.

Prior to the drop on Nov. 10, the funding rate of BTC was hovering above 0.01%.

This indicated that the market was heavily longing or buying Bitcoin, making it overcrowded.

After the minor correction to the $15,000 support level, BTC futures contracts neutralized as funding rates stabilized.

Even until late Nov. 11, the $16,000 area served as a heavy level of resistance for Bitcoin.

Traders pinpointed the presence of large sell orders at the resistance, indicating that whales are likely targeting this level.

In other trending BTC News today:

“Deutsche Bank: Central Bank Digital Currency Will Replace Cash In Long Term”

Deutsche Bank, the largest banking institution in Germany, is confident that central bank digital currencies, or CBDCs, will replace cash in the future.

The bank’s research arm, Deutsche Bank Research, published a new report on economic estimations and proposals to assist global economies hit by the coronavirus pandemic.

Titled What We Must Do to Rebuild, the new edition was released on Nov. 10. In the report, Deutsche Bank states that the ongoing COVID-19 pandemic has accelerated the “digital cash revolution.”

According to the bank, this revolution will eventually enable CBDCs like China’s digital yuan or Sweden’s e-krona to replace cash in the long term.

Deutsche Bank called on national governments and private companies to work on alternatives to credit cards, stating:

“Worldwide lockdowns and social distancing measures have only increased the use of cards over cash. To respond, companies and policymakers must design alternative to credit cards and remove middle man fees. […] For now, the priority must be on regional digital payment systems. In the long term, central bank digital currencies will replace cash.”

In the report, Deutsche Bank Research also warned European policymakers about the risks of not developing their own digital currency project in response to China and Sweden’s active progress in the field.

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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

Show Notes / Resources:

1/ “BUT THEY WILL BAN BITCOIN.”Let me quickly explain why this threat is HIGHLY overestimated and why it is NOT possible or even reasonable.

$1,000,000+ #Bitcoin is nearly inevitable.

— Moon Capital 🔑 (@Moon__Capital) November 11, 2020

Yearly #Bitcoin returns2010: 𝟵,𝟵𝟬𝟬%2011: 𝟭,𝟰𝟳𝟯%2012: 𝟭𝟴𝟲%2013: 𝟱,𝟰𝟴𝟭%2014: -𝟱𝟳%2015: 𝟯𝟰%2016: 𝟭𝟮𝟯%2017: 𝟭,𝟯𝟲𝟴%2018: -𝟳𝟯%2019: 𝟵𝟮%2020: 𝟭𝟮𝟭% (so far)

Only negative years are after a bull run 🐂

— Danny Scott (@CoinCornerDanny) November 12, 2020

Green circle denotes where we are in this macro cycle. Start of the main bull run (in case it isn’t already obvious).BTC’s on-chain Relative Strength Index is just warming up.

Red verticals are the halvenings, providing the bullish supply shock impulse. pic.twitter.com/HudOgAAezv

— Willy Woo (@woonomic) November 11, 2020

https://cointelegraph.com/news/3-reasons-bitcoin-price-just-hit-16-000-for-the-first-time-since-2017

https://cointelegraph.com/news/deutsche-bank-central-bank-digital-currency-will-replace-cash-in-long-term

https://cointelegraph.com/news/bitcoin-price-peak-in-december-2021-as-main-bull-run-begins-willy-woo

BITCOIN SET TO ERUPT TO 0,000 IN LUDICROUS BTC BULL RUN NEXT YEAR PREDICTS CRYPTO FUND GIANT!!

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Dan Morehead, founder of Pantera Capital, says the Bitcoin price has a pretty good shot at hitting $100,000 per BTC by the end of next year.

Along with Micheal Sonnenshein of Grayscale Investments, together they share their bullish forecasts on the Bitcoin (BTC) price trajectory.

On a new episode of the Money Movement podcast, Morehead says he and his firm remain bullish on the godfather of cryptocurrency.

He believes BTC is gearing up for another bull run that would be deemed “ludicrous” by traditional standards.

“[Bitcoin’s] got a nine-year 209% compound annual growth rate and we think it will continue, and it’s just that simple. It has some bubbles, it has some down trades, but if it got back on that trend it would be at $100,000 at the end of next year.

In the normal markets, saying something goes up 10x is ludicrous and you’d be ridiculed but, it happens every three or four years and all the factors are coming together. So I think it is a pretty good shot that hits $100,000 at the end of next year.”

Sonnenshein says people shouldn’t be putting money into Bitcoin unless they can afford to lose it.

He cites a recent report from Grayscale that compares BTC’s current market structure to 2016 before the coin began a historic 4,400% rally.

“In my opinion, Bitcoin is not something people should be putting more money into than they can afford to lose. Think of it as an early-stage technology.

Buyer beware, it does have those 80% drawdowns, but from here, Bitcoin is either a hell of a lot higher and a lot more valuable than it is today, or something somehow comes along and displaces Bitcoin and we all move on to something else.”

In other trending Bitcoin News today:

This Newly Created Crypto Asset Just Surged 6,200% – And Bitcoin Trader Josh Rager Says It’s Just Getting Started

Crypto strategist and trader Josh Rager is a keeping a watchful eye on a new crypto token that has skyrocketed by about 6,200% in less than a month.

Rager tells his 87,000 Twitter followers he sees Shroom.Finance (SHROOM) doubling in value in the next 30 days.

“SHROOM is currently near $0.01 and if MEME can go from $30 to $1600 in one month, there’s no reason why SHROOM can’t go from current price to $0.50+ the coming month if Shroom bridges gaming, DeFi and NFTs, especially as liquidity is added in the coming weeks as LPs will be rewarded.”

According to its website, Shroom.Finance is a fork of the Sushiswap protocol.

The new crypto asset seeks to build community-owned DEXes (decentralized exchanges) that specialize in the $10-billion in-game asset industry.

“We foresee a future where in-game assets, fungible and non-fungible, trade freely in a decentralized fashion, and we are here to take that spot and facilitate the ownership to a community of gamers.”

Rager points to the emergence of the widely-talked about non-fungible tokens (NFTs) as a possible bullish catalyst for SHROOM.

“Let’s just say NFTs are one of the hottest trends to hit 2020. And Shroom Finance team is building a decentralized ecosystem for in-game assets trading and minting. This includes NFTs (ERC-721, ERC-1155) and ERC-20 token standards. I’m really bullish on SHROOM for long term.”

The trader also says that Shroom.Finance’s new DEX will allow SHROOM holders to participate and generate income via yield farming.

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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

Show Notes / Resources:

Prepare for a great Q4 2020 for BTC folks (blah blah, de-coupling, blah blah, new correlations). The difficulty ribbon is one of my more reliable personal favourites. https://t.co/syPL4RfFTD

— Willy Woo (@woonomic) September 28, 2020

$SHROOM is currently near $0.01 & if MEME can go from $30 to $1600 in one monthThere’s no reason why SHROOM can’t go from current price to $0.50+ the coming month if Shroom bridges gaming, defi & NFTs

Especially as liquidity is added in the coming weeks as LPs will be rewarded

— Josh Rager 📈 (@Josh_Rager) September 21, 2020

https://dailyhodl.com/2020/09/28/btc-set-to-erupt-in-ludicrous-bull-run-says-crypto-fund-manager-dan-morehead/

https://dailyhodl.com/2020/09/28/this-newly-created-crypto-asset-just-surged-6200-and-bitcoin-trader-josh-rager-says-its-just-getting-started/

https://cointelegraph.com/news/bitcoin-difficulty-ribbon-chart-hasnt-been-this-bullish-since-march

BITCOIN HAS AIR FROM K TO NEW ATH, I DON’T EXPECT ANY PULLBACK UNTIL K BTC SAYS MAX KEISER!!

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Max Keiser, Wall Street veteran and Bitcoin pioneer just tweeted the following regarding his short term BTC price prediction:

“As I’ve been pointing out… There’s nothing but air from $14,000 to new ATH. I don’t expect any kind of pullback until $28,000 and it may be short lived.”

This was in response to a tweet from Matt Kaye who shared:

“After $14,000 there are literally no coins on the books…Only 900 new BTC mined per day. That’s ~$13MM of fresh daily sell side. These are the makings of a sell side liquidity crisis aka reflexive buying to the upside.”

Bottom line, most cryptocurrency influencers across the board are all pretty much very bullish right now on king of all crypto.

In other trending Bitcoin News today:

Crypto Analyst Calls Bitcoin the ‘Most Bullish Asset of Our Time’ As Traders Track Ethereum’s Next Move:

A widely-followed crypto trader and influencer says he expects Bitcoin to continue rallying and shatter its all-time high in the coming months.

The pseudonymous trader tells his 231,000 Twitter followers that Bitcoin is “the most bullish asset our time” as he believes BTC will blaze through its all-time high of $20,000.

According to a chart shared by block explorer service Blockchain.com, Bitcoin has meteorically risen from $0.06 in September 2010 to its current price of around $13,000, representing an increase of over 26,600,000% in a span of 10 years.

Meanwhile, gold and the S&P 500 have climbed 103% and 233%, respectively, over the same stretch.

While Bitcoin continues to show signs of strength, Ethereum (ETH) is struggling to maintain its bullish steam as the leading smart contract platform moves below $400.

Despite the pullback, the top traders in the industry remain long-term bullish on Ethereum. Crypto strategist Scott Melker tells his crew of 129,000 that he’s ready to buy more ETH even if it drops all the way down to support of $360.

“ETH (USD) Approaching my bids. I am interested in the black line as a potential resistance to support flip, and slightly below at the EQ of the trading range, another resistance to support flip. $389-395, give or take. If it drops lower I will buy more, down to $360 or so.”

Crypto trader Rekt Capital believes Ethereum is in the phase of consolidating gains and it’s only a matter of time before the second-largest cryptocurrency resumes its uptrend.

“ETH continues to follow BTC. While BTC has broken out to new highs, ETH has broken back into its previous money flow channel. ETHUSD will be range-bound between $391-$434 for now. I expect ETH to resume its catchup to BTC once BTC cools down.”

While other traders are long-term bullish on Ethereum, closely-followed trader DonAlt is cautious on ETH as he says the cryptocurrency is struggling to move above monthly resistance of $400.

“In stark contrast to BTC, ETH has failed its monthly level and is now finding resistance there. If ETH fails to reclaim that resistance this month I think $270 (the next support) is more likely than further upside.”

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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

Show Notes / Resources:

As I’ve been pointing out… There nothing but air from $14,000 to new ATH

I don’t expect any kind of pullback until $28,000 and it may be short lived. https://t.co/UC0iCCVzp6

— Max Keiser (@maxkeiser) October 27, 2020

While we wait for BTC post an all-time-high, both on the monthly chart of $14k and the 20k prior top. I’ll point out that the organic valuation under NVT Price from underlying long term investors is already at an all-time-high. Price will follow. pic.twitter.com/s5uVN5EtM2

— Willy Woo (@woonomic) October 27, 2020

I do think we will see an all-time-high price for #Bitcoin before 2020 is over. Even though the price has climbed from 10k to almost 14k in less than a month, it hasn’t really gone on a breakout run yet. When we start to see 3-5k surges then the bulls will be on the run

— Tyler Winklevoss (@tyler) October 27, 2020

https://cointelegraph.com/news/bitcoin-price-will-follow-says-analyst-after-historically-accurate-metric-hits-new-high

CHAINLINK (LINK) 5 Reasons Why It’s Leading The Market Today! | Bitcoin Price Bullish Signals!

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ChainLink (LINK) is having an ‘Altcoin Season’ of its own – all over again.

LINK has been known to move against the trend, staging a similar rally in the second quarter.

The Chainlink crypto has now grown more than 49% in a single week, touching $2.97 last night, with predictions of easily reaching $3.

LINK has managed to grow to and all time high of $4.54, and may repeat this record. The ChainLink price is also growing against Bitcoin (BTC), already breaking its own record to above 34,000 Satoshi.

Are Altcoins ready to explode?!

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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

News Resources From Today’s Show:

5 Reasons Why ChainLink (LINK) Is Leading the Market Today

https://www.tradingview.com/chart/BTCUSD/Z1vb3kth-Bitcoin-Bullish-Signals-On-The-Daily-TimeFrame-11-111-Next/

I have had the 7.2-7.4k region as my bottom target for some time now, but if it is lost I think we test the mid 6k region and then we get our mega bounce to 14k+. Will be buying more spot all the way down and likely opening some low-leveraged longs in the mid 6k’s. $BTC pic.twitter.com/XfHdPdCRea

— Credible Crypto (@CredibleCrypto) October 9, 2019

$BTC – As you can see from the blue lines and volume profile Bitcoin price managed to break and close above the highest volume areas in this rangeThis will now typically act as support

$8,380s could act as resistance but price can run up to $8500s with a break above there pic.twitter.com/06PaiqdjTa

— Josh Rager 📈 (@Josh_Rager) October 8, 2019

RIPPLE XRP IS DOGSH*T SAYS BITMEX CEO | Bitcoin (BTC) is Brewing the Perfect Storm Parabolic Rally

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RIPPLE XRP IS DOGSH*T SAYS BITMEX CEO ARTHUR HAYES | Bitcoin (BTC) is Brewing the Perfect Storm for a Parabolic Mid-2020 Rally

Today, February 5th should have been an exciting day for Ripple XRP as behemoth derivatives exchange BitMEX adds a new perpetual swap contract for its XRP token.

But while BitMEX is “proud” to announce the new trading pair, CEO Arthur Hayes calls XRP “dogsh*t” on Crypto Twitter.

Ripple fans should be celebrating this listing and looking forward to more meaningful price action.

Except that this day will now be tainted with a whiff of something unpleasant as BitMEX CEO Arthur Hayes vocally disses Ripple’s token on Twitter.

“Is it called Ripple, XRP, or dogsh*t? Who knows, who cares. It’s worth more than zero so it’s time to trade the USD pair on BitMEX. Boo-Yaka-sha!“

This type of outburst on Twitter won’t go down well with Ripple as one of crypto’s most influential people outwardly slates XRP. 

It also shows the BitMEX CEO cares very little about the quality of the projects he lists as long as they make him money.

And it gives yet another reminder of the responsibility that comes with power–and the dangers of loose fingers on Twitter.

Bitcoin (BTC) is Brewing the Perfect Storm for a Parabolic Mid-2020 Rally

2020 has been Bitcoin’s year, with the cryptocurrency posting massive gains throughout January as bulls attempt to lay the groundwork for the BTC price to see parabolic gains throughout the rest of the year.

It is important to note that there is currently a multitude of separate factors that are influencing the Bitcoin price action, and the confluence of these factors does seem to suggest that a new bull-favoring cycle is right around the corner.

As for when this new cycle will begin, it does appear that all these factors are pointing to a notable macro trend shift occurring in early-May, which happens to be when the crypto’s mining rewards halving event is set to occur.

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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

Show Notes / Resources:

Been about a month, updating again. Incredible bounce off the curve.

Halving estimate updated to May 12th, 2020. This is looking like it will be May 10th or earlier by the time it arrives.$BTC pic.twitter.com/Y9rcOjZXH2

— Jonny Moe (@JonnyMoeTrades) February 3, 2020

Is it called Ripple, XRP, or dogshit? Who knows, who cares. It’s worth more than zero so it’s time to trade the USD pair on BitMEX. Boo-Yaka-sha! https://t.co/pa3T5vd5kl

— Arthur Hayes (@CryptoHayes) February 4, 2020

How a Crypto Cold War Could Arise From Central Bank Competition

Bitcoin is Brewing the Perfect Storm for a Parabolic Mid-2020 Rally

Ripple’s XRP Is Dogsh*t Says BitMEX CEO

BITCOIN PRICE DIPS BELOW K AS GLOBAL STOCKS SLUMP! | Ripple CEO Reacts to XRP Sell-Off

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Bitcoin price broke down suddenly below the $9,000 mark, breaking down along with global stock prices.

Crypto analysts believe the Friday slump across markets is a response to the still uncertain trade deal between the US and China.

The DJIA fell by 1% to 26,666 points, the same loss was logged by the S&P 500 futures, to 3,085 points.

The stock prices are a factor with the potential of indirectly influencing the BTC price.

The Bitcoin (BTC) price was mostly stagnant in the past week, calming down with expectations for a bigger move.

In other Cryptocurrency news today, Ripple CEO reacts to XRP sell-off, says bullish trends emerging for Crypto ecosystem at large.

In a new interview, Ripple CEO Brad Garlinghouse offers his take on XRP’s performance in 2019.

Ripple XRP began the year at $0.35 and is now $0.27 at time of publishing, while Bitcoin and most of the Cryptocurrency market at large are in the green for the year.

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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

Show Notes / Resources:

November has been historically one of bitcoin’s greatest performing months dating back to 2012.

November 2018 was the main (and memorable) exception.$BTC is presently up only 1.5% for November 2019…What will the next 3 weeks bring?#bitcoin pic.twitter.com/I9NVDlNrzm

— James Todaro (@JamesTodaroMD) November 5, 2019

Bitcoin Price Dips Below $9,000 as Global Stocks Slump

https://cointelegraph.com/news/bitcoin-rallies-hardest-in-november-so-why-are-the-charts-bearish